This imputes a buy/sell ratio of 6, which is very bullish.
For additional context, note that price has gone up 7 out of the past 10 days.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.
The closest is the 20 day average, which is 70.6 pips away.
Out of the 40 instruments in the forex asset class, try/jpy ended up ranking 10th for the day in terms of day-over-day price change.
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
The closest is the 200 day average, which is 0.9 pips away.
This imputes a buy/sell ratio of 0, which is quite bearish.
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.